Mengis Capital Management Inc. Buys 2,359 Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)

Mengis Capital Management Inc. lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 35.5% during the fourth quarter, HoldingsChannel reports. The firm owned 8,998 shares of the company’s stock after purchasing an additional 2,359 shares during the period. Mengis Capital Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Crestwood Advisors Group LLC grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,199,309 shares of the company’s stock worth $98,793,000 after purchasing an additional 15,871 shares during the last quarter. Spinnaker Trust grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.1% in the fourth quarter. Spinnaker Trust now owns 834,656 shares of the company’s stock worth $37,493,000 after purchasing an additional 55,249 shares during the last quarter. 49 Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the third quarter worth about $32,132,000. Crews Bank & Trust bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $27,110,000. Finally, Abound Financial LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter worth about $23,934,000.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $43.92 on Tuesday. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $39.65 and a 1 year high of $50.03. The firm’s 50-day moving average is $45.69 and its two-hundred day moving average is $45.70. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 17.11 and a beta of 1.14.

About SPDR Portfolio S&P 600 Small Cap ETF

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.